x
NEXTA
203k Renovation Mortgage Loans Made Easy – Customer Testimonial
By Leesa Sandoval
There has been a lot of press about 203k renovation mortgage loans lately. I’ve also heard from the mouth of realtors as well as customers how hard they think they are and how they fear that a 203k rehab loan won’t close. Well I’m here to tell you that’s not true. Don’t take it from me, take it from these customers of mine that recently closed.
Read MoreRenovation Lending: Taking the Guesswork Out of Writing the Contract
By Leesa Sandoval
Renovation Lending is a thing of the present and it offers so much to the buyer, seller and the respective agents. Not only that but it’s a very simple loan to obtain and even close. The short video above will show you just how easy it is to write the sales contract but let me just lay out a few examples below of how useful this loan can be.
Read MoreUsing the FHA 203k Loan Program to Build Equity
By Leesa Sandoval
Using the FHA 203k loan to rehab your home and build equity. Instead of a traditional home equity loan the FHA 203k loan allows you to refinance the current mortgage and add money for repairs. It ends up being a new single lien at a great FHA rate without the hassel of the home equity loan process.
Read MoreTransforming Foreclosures with 203k Loans
By Leesa Sandoval
And they say that FHA 203k rehab loans don’t close. Well here (video) is another FHA 203k that closed on time. It went from contract to closing in 45 days. This house needed $83,000 worth of repairs including new windows, new flooring, complete bathroom renovation, new fence, etc. Without the program, this house would have
Read MoreWhat is a 203k loan?
By Leesa Sandoval
Many people ask, what is a 203k loan? The 203k loan allows the borrower to borrow extra money to renovate or repair the residence at the low FHA required down payment of 3.5%. Also, the loan amount can go up to 110% of the home’s value after repairs/renovations.
Read MoreCredit, Credit Repair and Your Mortgage Loan
By Leesa Sandoval
Credit scores play an important factor in obtaining the best interest rate available for your new home purchase loan, rehab loan, or refinance no matter where you live. Protect your FICO score.
Read MoreWhat a Rehab Loan Can Do for You!
By Leesa Sandoval
The video you are about to watch was recently featured on REALTOR Magazine. It’s a great illustration of how you can take a foreclosed home and using one of our great rehab loans – FHA 203k or Fannie Mae HomeStyle Renovation Loan – turn it into the home of your dreams. Not only are these homes priced well but you will also find yourself in a great equity position.
Read MoreHow FHA 203k Rehab Loans Are Made
By Leesa Sandoval
This is a great illustration about how the FHA 203k Rehab loans are made and how they can be used to either purchase or renovate your dream home. Please keep in mind that while all the options mentioned in the video are available there are still certain minimum requirements to meet. All loans are available in Texas, Louisiana, Arkansas, New Mexico, and Oklahoma.
Read More8 Questions Your Lender Should Answer About Mortgage Rates
By Leesa Sandoval
Since mortgage rates can change several times a day, the following questions will help determine whether or not your lender truly knows what to look for so that they can provide you with the best rate once you’re in a position of locking in your loan:
Read More